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The Hartford Dividend and Growth Fund (HDGYX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The investment seeks a high level of current income consistent with growth of capital. The fund invests primarily in a portfolio of equity securities that typically have above average dividend yields and whose prospects for capital appreciation are considered favorable by the sub-adviser. Under normal market and economic conditions, at least 80% of its net assets are invested in dividend paying equity securities. The fund may invest up to 20% of its net assets in securities of foreign issuers and non-dollar securities.

Looking to diversify beyond HDGYX? The mutual funds below have the lowest correlation with HDGYX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from HDGYX.

Best Diversifiers for HDGYX

5 mutual funds have low correlation with HDGYX (below 0.3), 0 of which are negatively correlated. The least correlated is Hartford Ultrashort Bond HLS Fund (HUBBX) (Ultrashort Bond) with a 1Y correlation of 0.08, roughly unchanged from 0.04 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
HUBBX
Hartford Ultrashort Bond HLS Fund0.080.060.04
99
Ultrashort BondHDGYX vs HUBBX
HMKIX
Hartford Sustainable Municipal Bond Fund0.240.170.11
70
Municipal BondsHDGYX vs HMKIX
HFLYX
Hartford Floating Rate Fund0.250.270.29
53
Bank LoanHDGYX vs HFLYX
HHMIX
Hartford Municipal Opportunities Fund0.250.170.11
67
Municipal BondsHDGYX vs HHMIX
HMJIX
Hartford Municipal Short Duration Fund0.280.180.11
74
Municipal BondsHDGYX vs HMJIX
See all 65 diversifiers for HDGYX

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from HDGYX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to HDGYX and solid risk/return profiles. The least correlated is Innovative Industrial Properties, Inc. (IIPR) (Real Estate) with a 1Y correlation of 0.40, down from 0.52 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
IIPR
Innovative Industrial Properties, Inc.0.400.500.52
58
Real Estate

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Diversification Analysis

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